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Nov 26, 2012
11/12
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dr dramatically of late. i'm talking about rost stores. r-o-s-t. two off price retail concepts we can't get enough of here on "mad money." rost is an off price play like tjx, another strong, strong player. where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. just one quarter. that'
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dr dramatically...
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Nov 27, 2012
11/12
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we talked about the fiscal cliff. the consumer that you talk about, is probably the strongest in multiple years, is there a reconciliation here, and yet taxes going up? >> i'm not an economist. but i can say to you, look, great brands, command higher prices and drive consumers. we are all about taking the brands and growing those businesses globally. the world is going to go through ups and downs. i think that is what we have put together. i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you chairman and ceo. we are tieing there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the shares heat up. should you be tempted to take a bite. cramer are unwraps what is ahead. but cramer has found pattern that is signaling the turn around. as jim goes off the charts. all coming up on "mad money." >>> this company has the most exposure to commodity prices. after a lengthy chase the company was able to make a move
we talked about the fiscal cliff. the consumer that you talk about, is probably the strongest in multiple years, is there a reconciliation here, and yet taxes going up? >> i'm not an economist. but i can say to you, look, great brands, command higher prices and drive consumers. we are all about taking the brands and growing those businesses globally. the world is going to go through ups and downs. i think that is what we have put together. i guess i would say that the u.s. consumer for...
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Nov 29, 2012
11/12
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look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, soen in the interests of reminds us some companies are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorses is the column that consequence taply amazes me, david pentagon, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts several enough, a segment of an npr-call-in seg meant that he was going to offer
look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is...
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Nov 28, 2012
11/12
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the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were not discounting anything in terms of the fiscal cliff. and that's why every time john boehner says something or the president says something or harry reid says something we get violent movements out of the markets. only in the last couple weeks are they finally starting to pay attention to this. tracy: okay, we don't get a deal, let's play this out. do they punt to next year and we see a bunch of retroactive taxes put in place? will we see entitlement spending cuts? how do you see this in the end? >> there are two con sit whe
the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were...
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Nov 26, 2012
11/12
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the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit too fast. now when it comes to the fiscal deficit -- >> i want to transition you to the other hot topic that we've been following. it's senator john mccain and his stance or lack thereof now against ambassador susan rice. let me play what he said earlier. i believe it was november 14th and his new line of words, i guess, regarding her possible nomination for secretary of state. let me play it back to back. >> we will do whatever's necessary to block the nomination that's within our power as far as susan rice is concerned. >> she could conceivably get your voros for secretary of state
the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit...
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Nov 25, 2012
11/12
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. >> brenda: forget the fiscal cliff. is the union clash with businesses a bigger threat to jobs? from protesting wal-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance fo anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a time when they're uncertain about labo
. >> brenda: forget the fiscal cliff. is the union clash with businesses a bigger threat to jobs? from protesting wal-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance fo anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp...
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Nov 23, 2012
11/12
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theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact. i think we're going to see a deal that comes out of dribs and of a lastg minute thing and al see it coming when it does tend fiz bole, the cbo, ben bernanke who coined the term fiscal cliff. they have predicted if a deal is not reached, the conen any chance that if a deal is not reachethat perhaps that's an overstatement? >> we need to keep in mind, this is not one measure that's an all or nothing type of deal. the taxes we keep hearing about are ne different ss of taxes then there are the spending cuts which affect literally hundreds and hundreds of government allo so
theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact....
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Nov 22, 2012
11/12
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we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus bad deals, this is where i disagree with some of think kol a colleagues here. maybe you do too. if this is deal that jacks up tax rates, the capital gains rate, dividend rate, if it has a millionaire surtax as senator collins said, that's not such a hot deal. how would they react to a high tax on investor type of deal. >> they limit investments. they make investments less attractive. the stock market doesn't want a big raise on capital gains and dividends. the stock market is okay with a small one. the best is the 39% ordinary income tax hike. but essentially leave dividends and capital gains
we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus...
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Nov 27, 2012
11/12
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goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on t
goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in...
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Nov 28, 2012
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>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local
>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it...
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Nov 21, 2012
11/12
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fiscal cliff fears. a frail recovery. tonight cramer is using the technicals to chart the potential for a move in the market. in tonight's edition of off the charts coming up on "mad money." >>> never judge a quarter by the headline numbers. this kind of quick draw mcgraw thinking can lead you to make some terrible mistakes. case in point, urban outfitters. last night the quarter looked disappointing. revenues only in line. the comps were up 1% across all of urban's brands and they seemed pretty darned lousy, which is why they immediately sold the stock. anybody who sold down there is feeling like a moron. urban quickly recouped most of its losses. sellers jumped the gun. if they had waited for the conference call, they would have realized that this was a fabulous quarter. they are in phenomenal shape. not only is it perfectly intact, i think it is picking up speed. people didn't know how to read the comps. they saw that store comps were down 1% across the board. they decided the quarter was a debacle. the reason the head
fiscal cliff fears. a frail recovery. tonight cramer is using the technicals to chart the potential for a move in the market. in tonight's edition of off the charts coming up on "mad money." >>> never judge a quarter by the headline numbers. this kind of quick draw mcgraw thinking can lead you to make some terrible mistakes. case in point, urban outfitters. last night the quarter looked disappointing. revenues only in line. the comps were up 1% across all of urban's brands...
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Nov 26, 2012
11/12
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are you worried at all about this fiscal cliff? >> we are in contact with a number of people down there. i think -- >> what are you hearing? >> we're optimistic that actually something will get resolved. it does seem like the republicans and the president are trying to be somewhat flexible and trying to compromise maybe more than they were doing last year. we're hopeful that we'll be able to get pretty big plan agreed to. it is not all the structure at least be able to create the framework that can be done in 2013. >> let's talk dollars and cents to brian's point, bob. boy, have you picked a time to come back to work. what are you doing when you say the right way? what is the right way for portfolios right now with all this uncertainty looming out there? >> the uncertainty means we're going to have sur moil. we've seen that. 1,400 for the s&p, give or take a couple of dozen points is where we are and where we will stay until we get some resolution. i think going out and making big bets in any one direction is probably not fruitful
are you worried at all about this fiscal cliff? >> we are in contact with a number of people down there. i think -- >> what are you hearing? >> we're optimistic that actually something will get resolved. it does seem like the republicans and the president are trying to be somewhat flexible and trying to compromise maybe more than they were doing last year. we're hopeful that we'll be able to get pretty big plan agreed to. it is not all the structure at least be able to create...
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Nov 28, 2012
11/12
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. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a market credible deal to solve the cliff is key to economic growth. >> that annual growth idea, that prospect is real in my view if we actually did get a market credible $4 trillion plan. the markets would realize those guys can govern. the big question is can we get a market credible plan. what would it look like at this point? >> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxe
. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a market credible deal to solve the cliff is key to economic growth. >> that annual growth idea, that prospect is real in my view if we actually did get a market credible $4 trillion plan. the markets would realize...
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Nov 21, 2012
11/12
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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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Nov 29, 2012
11/12
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is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous uncertainty. and for the record, i don't think the uncertainty is necessarily going to melt away, whether we get a fiscal cliff deal or not. what i do think we're starting to see is you have the largers economies in the developed world, all throughout europe, and japan, during sandy, a lot of what happened tot the bank of japan, you have central bans that are going to work with governments. chairman bernanke hasn't even commented on it himself, that there's an incentives to weaken their currency. they're going to own stocks to protect that. >>
is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous...
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Nov 28, 2012
11/12
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but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a moment. quite a moment today. also p
but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress'...
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Nov 26, 2012
11/12
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congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all...
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Nov 21, 2012
11/12
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the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste, fraud and abuse. is there enough revenue from waste, fraud and abuse and m medicare to get the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime you're talking about a deficit, there's two ways to bring it down, and i know you know this well. you're either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what i'm concerned about is what the real agenda is and the real agenda, in my opinion, is to end medicare. i mean, that was certainly a big item i
the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste,...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 28, 2012
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. >> i'm melissa lee, thanks for watching, see you we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. you can't come from a given day like today, dow 107 points, hey, happy days are here again, right? this is a day where my equipment felt a little -- felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. however, i think it's been increasingly apparent that we actually may not get a deal in time of the january deadline, something warren buffett pointed out. you don't need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sangwin multi-year view of stocks. he can afford to take the long view. if we take the plunge over the cliff, it can cost everyone $2 million, makes everyone pay more in taxes. i don't really want to have this gear. the president said today he thought a deal could be done by christmas. the speaker of the house said he's optimistic a compromise co
. >> i'm melissa lee, thanks for watching, see you we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. you can't come from a given day like today, dow 107 points, hey, happy days are here again, right? this is a day where my equipment felt a little -- felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. however, i think...
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Nov 26, 2012
11/12
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i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get economic reports this week on durable goods, consumer confidence and new and pending home sales. the dow 172 points friday to 13,009. the nasdaq up 40 to 2966. >>> you can now add seven swans, six geese and five gold rings to the list of christmas gifts that are more expensive than they were a year ago. pnc wealth management is out with its annual christmas price index that tracks the cost of items in the 12 days of christmas song. if you bought everything once your bill comes to $25,431, up nearly 5% from last year. if you follow the song to the letter and by all three 64 items, it's a whopping $107,300. some thing
i'm danielle leigh, nbc news. >>> meanwhile that fiscal cliff is making investors wary this morning. for a look at how futures are trading, we turn things over to kate at cnbc headquarters. kay kayla, good morning. >> reporter: good morning to you. much optimism was over the strength of retail sales and black friday. investors will be keeping an eye on the geopolitical tensions in the middle east and that ongoing fiscal cliff and the talks continuing in washington. we get...
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Nov 25, 2012
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there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another recession, which their states can ill afford. let's go to houston, texas and hear from barry. caller: high. host: am i:should sit seven role in the negotiations? we are hearing about how republicans and president obama are negotiating. caller: i think the democrats should have some form of a democratic rip -- rip at the table. i believe everybody should be involved. it has gone on too far like this without points being made. our domestic investment needs to be saved. they need to cut the military spending down and preserve the safety nets. raise the taxes up and let's
there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another...
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we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb social spending in any way on entitlements is going to face a lot of resistance. that seems like we're as far apart as we were all along. >> thii think we are far apart. i'm an optimist. what you see in negotiations is everybody plays tough and pushes it to the 11th hour. >> is it a can kicking deal we get done or an actual deal? >> roger and i were talking about this before we came on. we both want to see it get done. my view is that it needs to get done correctly and what the it is is we shouldn't lump taxes and spending in the same bucket. when you call it the f
we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb...
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Nov 29, 2012
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they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically
they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98%...
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Nov 29, 2012
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the market getting pummeled but the ones that come back first are the ones that sold down first. so the best could be the worst. to me that means i want to climb out of the cliff using a stock like home depot. i'm going to climb out there to get this, yeah, home depot. that's one i'm going to get! because -- sorry about that. because it's up 54% for the year. the most v
if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this...
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Nov 26, 2012
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we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. but would only pursue a deal if it created value to shareholders and clients. and mexico's anti-corruption body says it has found no irregularities in its probe of permits given to walmart. two
we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but...
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cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand bargain where you're cutting medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why
cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand...
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Nov 27, 2012
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that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive -- deficit reduction package but there's no question that we are -- that they are in many ways distinct. that's why when we talk about an immediate action a distinct, discreet action that congress could take if republicans in the house of representatives would agree to it, is to pass the tax cut, extending the so-called bush era tax cuts for 98 pk of the american people. let's do that right now, that's obviously not a comprehensive solution, it's a significant step toward a solution to the fiscal cliff. let's get that done
that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive --...
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rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress signed and agreed to never vote for higher taxes. some of the right are willing to break that pledge of for the right deal. >> i will violate the pledge of long story short for the good of the country. only if democrats will do retirement reforms. >> we should not be taken by and clad positions >> grover norquist takes issue with that >> if you wanna go to your voters and say i promise you this and i'm breaking my promise you can have that conversation with them but your not having an argument with me. >> a new poll shows two- thirds of people prefer a budget plan with a mix of spending c
rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress...
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i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations. if we're serious about getting our economy moving again, solving our debt, and restoring prosperity for american families we need to repeal obama care and enact commonsense step by step reforms to start with lowering the cost of health care. would democrats consider putting any part of the president's signature health care legislation on the table to negotiate? >> no. it's just not going to happen. i mean you remember last year, democrats wouldn't -- refused to budge on this issue. they're not going to do it again. president obama's out there, all campaigns saying health care is law now. now that he's in office again for a second term, there's no way this happens. it didn't happen last time. it won't happen this time. >> so then, steve, i thought he said affordable health care act was the law of the land a couple weeks ago, didn't he? >> absolutely. and this seems to be more of a bow to the conservative part of this caucus than a serious negotiating position. you know, the key part of
i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations. if we're serious about getting our economy moving again, solving our debt, and restoring prosperity for american families we need to repeal obama care and enact commonsense step by step reforms to start with lowering the cost of health care. would democrats consider putting any part of the president's signature health care legislation on the table to negotiate? >> no. it's just not going to happen. i mean you...
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Nov 25, 2012
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the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >> the commitment that he made to the people of georgia was not to me. it was to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to declare war against japan today. t
the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >>...
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cliff and call it the fiscal bluff. >> stephanie: i'm sorry. caught me. caught me. >> there's a road in the fiscal bluff. >> stephanie: you're on with steven. >> caller: howdy everybody. i remember you on wings too by the way. >> thanks. >> stephanie: well join the club. >> actually my favorite, i watch the reruns. my question is this, how can a guy named grover have so much power over these republicans? >> stephanie: yeah, that's what i mean, one republican said this was a pledge for a congress that was 20 years ago. why are people still pretending it or he is rely at this point? >> hello there! he does grover impressions too. >> i'm grover. >> stephanie: he's delightful. he just is. by the way one other magical degree of stephanie miller separation a couple of weeks ago, i got an email from amy she likes watching the beach she says. >> who doesn't? she does it beautifully. didn't the daily show do a section on grover norquist that he came up with this whole pledge idea when he was like in the seventh great. he literally did. >> stephanie: tha
cliff and call it the fiscal bluff. >> stephanie: i'm sorry. caught me. caught me. >> there's a road in the fiscal bluff. >> stephanie: you're on with steven. >> caller: howdy everybody. i remember you on wings too by the way. >> thanks. >> stephanie: well join the club. >> actually my favorite, i watch the reruns. my question is this, how can a guy named grover have so much power over these republicans? >> stephanie: yeah, that's what i mean, one...
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stocks closed lower as investors are worried about the looming fiscal cliff. business groups and lawmakers are still bickering. the dow jones lost 43 points to close at below 13,000. the s&p fell three points and the nasdaq only came only a few points. >> is beginning to look a lot like christmas with the white house. with the capitol christmas tree and washington d.c.. the 65 ft. sprues came from the white river national forest in colorado. they spent this morning installing it with a approximately 5000 ornaments. and it will be led by john boehner next month. >> coming up in sports the san jose basketball takes on the no. 10 team in the country. and smith, kaepernick, kaepernick course met the 49ers continues. what are bought and of course gary, next. music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... acros
stocks closed lower as investors are worried about the looming fiscal cliff. business groups and lawmakers are still bickering. the dow jones lost 43 points to close at below 13,000. the s&p fell three points and the nasdaq only came only a few points. >> is beginning to look a lot like christmas with the white house. with the capitol christmas tree and washington d.c.. the 65 ft. sprues came from the white river national forest in colorado. they spent this morning installing it with...
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Nov 23, 2012
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it's not just a fiscal cliff. what will we do after that and how do we make progress at chipping away this gigantic debt our country faces so we have a deadline certainly but we have a longer term issue we've all got to work together and the only way that happens is if republicans and democrats work together toward a broader solution and so that's what i'm hopeful will take place. >> terry, quick question about your competitors. you're a leader in this space. we talk about jcpenney and their efforts to turn themselves around and perhaps take a couple of notes from some of the things you're doing. how do you look at what ron johnson is doing? >> i think ron's trying some new things, trying some different approaches and it's going to take time for that to, whether customers vote to see if they like it or don't like it. we had a crystal clear strategy. we organized the entire company. we have people now living in 69 cities around the country that are former buyers and former planning executives that are leading us in
it's not just a fiscal cliff. what will we do after that and how do we make progress at chipping away this gigantic debt our country faces so we have a deadline certainly but we have a longer term issue we've all got to work together and the only way that happens is if republicans and democrats work together toward a broader solution and so that's what i'm hopeful will take place. >> terry, quick question about your competitors. you're a leader in this space. we talk about jcpenney and...
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he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most c
he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to...
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finding a solution to the fiscal cliff requires political leadership. where do we stand with december just around the corner? let's bring in kristen welker and neil irwin, economics editor from the washington post's wonk blog. i love that name. i have to hand it to you. kristen, are you getting a sense of optimism from white house staffers about the future of these negotiations? i mean, how connected do they say the president was to the problem with all the international issues over this past week alone? >> reporter: well, i think that they would like to be optimistic about this problem. certainly president obama has been meeting with congressional leaders. he had them here at the white house last week. they came out and struck this tone of bipartisanship, but they're also cautious in that optimism. you remember the knockdown dragout debt ceiling fight of the summer of 2011. i don't think they think it's going to get that ugly. at the same time this is not going to be easy going as we head to the first of the year. now republicans are still sort of digg
finding a solution to the fiscal cliff requires political leadership. where do we stand with december just around the corner? let's bring in kristen welker and neil irwin, economics editor from the washington post's wonk blog. i love that name. i have to hand it to you. kristen, are you getting a sense of optimism from white house staffers about the future of these negotiations? i mean, how connected do they say the president was to the problem with all the international issues over this past...
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any
always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in...
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Nov 24, 2012
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beware the fiscal cliff. you will hear this at the thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand that what he is freaking out about is not true. it is easy. there are visual aids that might help. look. first of all, the amount of money borrowed by the government has been going down, not up. it has been going down. our own steve bennett made you this chart. the red bar is the deficit in '09 when president obama took office, and inherited the big deficit from president bush. over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us
beware the fiscal cliff. you will hear this at the thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand that what he is freaking out about is not true. it is easy. there are visual aids that might help. look. first of all, the amount of money borrowed by the government has been going down, not up. it has been going...
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fiscal cliff, okay, dollar for you, there you go. thank you, richard. in days he's officially going to become the new president of mexico but first a sit-down with president obama. challenges that are facing two neighbors from immigration to the drug trade. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage
fiscal cliff, okay, dollar for you, there you go. thank you, richard. in days he's officially going to become the new president of mexico but first a sit-down with president obama. challenges that are facing two neighbors from immigration to the drug trade. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the...
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Nov 27, 2012
11/12
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>> lilt more, little more, little more. >> donate it to the fiscal cliff. >> oh, yeah. i'm sure most folks would do that. >>> coming up next, why one star of the show ""two and a half men"" is saying something very bizarre about the show. >>> and enlightening appearances from the cast skinny so skinny ♪ >> i don't know about you guys out there one of my favorite holiday movies this time of year, national lampoons christmas vacation. i laugh every time. ♪ skinny so skinny ♪ >>> i don't know about you guys out there. one of my favorite holiday movies this time of year, national lampoon's "christmas vacation." i laugh every time. i watched it 4,000 times a parentally, old navy, bless their heart, they're getting the family back together. 23 years after the original movie for a new ad for some interesting pants that old navy is putting out there this season. they got the griswolds, chevy chase, beverly deangelo, and julian lewis who played their taught never the movie to get back together to do the commercial. >> ready? >> want me to do the drum roll thing? >> it's ok
>> lilt more, little more, little more. >> donate it to the fiscal cliff. >> oh, yeah. i'm sure most folks would do that. >>> coming up next, why one star of the show ""two and a half men"" is saying something very bizarre about the show. >>> and enlightening appearances from the cast skinny so skinny ♪ >> i don't know about you guys out there one of my favorite holiday movies this time of year, national lampoons christmas...
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Nov 28, 2012
11/12
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CNNW
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it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white house. >> we had a meeting, it went very well. the problem was that was before thanksgiving after the election. and since that time, there's been little progress with the republicans, which is a disappointment to me. >> well, the market didn't exactly like what they heard there either. the dow lost nearly 90 points today. much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, ever
it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are...
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Nov 29, 2012
11/12
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jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill clinton had beat the sitting president, george herber walker bush, and they met similar to the way romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember
jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill...
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Nov 27, 2012
11/12
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that fiscal cliff. and the president is certainly in fact-finding mode it seems. we've got 35 days to go before the new year. and that new year will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come together on this and work with the president on this, and yet we're seeing all these various different meetings all around the communities and the country. it looks like there's a particular strategy that's playing out when it comes to the president right now. >> reporter: that's right. a lot of negotiations have taken place in the staff -- on the staff level. the president himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went overseas on his southeast asia trip. but so
that fiscal cliff. and the president is certainly in fact-finding mode it seems. we've got 35 days to go before the new year. and that new year will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come...